125-16 Jamaica Ave
Jamaica Queens Mixed Use | 8.30% CAP | 4,000 SqFt
Marketing description
Prime Jamaica Avenue Mixed-Use Investment – Richmond Hill, Queens Exceptional opportunity to acquire a 3-story brick mixed-use building located on a high-traffic retail block directly on Jamaica Avenue, near 126th Street, in the heart of Richmond Hill, Queens. This is a fully occupied, income-producing asset with strong upside and long-term redevelopment potential.The property consists of approximately 3,000 square feet above grade (1,000 SF per floor) plus a full 1,000 SF basement. Configuration includes ground-floor commercial space and two residential floors above. Building Configuration: Ground Floor Commercial: Approx. 1,000 SF retail space currently occupied (barber shop), featuring four separate rooms, one bathroom, laundry area, and private enclosed backyard. Residential: Two free-market 3-bedroom / 1-bath apartments, each with separate kitchens, dining areas, and living rooms. Additional studio unit noted as income-producing .Basement: Full-height, approx. 1,000 SF, offering storage or future value-add potential. Key Features: Brick façade Building size: 20 ft × 50 ft Lot size: 20 ft × 92 ft Separately metered gas and electric for all units Zoning: R6A / C2-4 Additional buildable FAR approx. 1,527 SF New roof, boiler, and capital improvements completed in 2023 Low-maintenance building Private backyard Located in a major retail corridor with excellent visibility and foot traffic, the property is minutes from J, Z, and F subway lines, LIRR, JFK Airport AirTrain, and the future IBX transit line, making it highly attractive to both residential tenants and commercial users. Offered as-is, this asset presents significant renovation and repositioning potential and is projected. Income, expenses, and NOI available upon request.
Investment highlights
Prime Jamaica Avenue Mixed-Use Investment – Richmond Hill, Queens
Exceptional opportunity to acquire a 3-story brick mixed-use building located on a high-traffic retail block directly on Jamaica Avenue, near 126th Street, in the heart of Richmond Hill, Queens. This is a fully occupied, income-producing asset with strong upside and long-term redevelopment potential.
The property consists of approximately 3,000 square feet above grade (1,000 SF per floor) plus a full 1,000 SF basement. Configuration includes ground-floor commercial space and two residential floors above.
Building Configuration:
Ground Floor Commercial:
Approx. 1,000 SF retail space currently occupied (barber shop), featuring four separate rooms, one bathroom, laundry area, and private enclosed backyard.Residential:
Two free-market 3-bedroom / 1-bath apartments, each with separate kitchens, dining areas, and living rooms.
Additional studio unit noted as income-producing.Basement:
Full-height, approx. 1,000 SF, offering storage or future value-add potential.
Key Features:
Brick façade
Building size: 20 ft × 50 ft
Lot size: 20 ft × 92 ft
Separately metered gas and electric for all units
Zoning: R6A / C2-4
Additional buildable FAR approx. 1,527 SF
New roof, boiler, and capital improvements completed in 2023
Low-maintenance building
Private backyard
Located in a major retail corridor with excellent visibility and foot traffic, the property is steps from J, Z, and F subway lines, LIRR, JFK Airport AirTrain, and the future IBX transit line, making it highly attractive to both residential tenants and commercial users.
Offered as-is, this asset presents significant renovation and repositioning potential and is projected at an approximate 6.5% cap rate. Income, expenses, and NOI available upon request.
Highlights:
Prime Jamaica Avenue frontage
Fully occupied mixed-use building
Strong in-place income
Free-market residential units
Additional buildable square footage
Transit-rich location
Ideal for investors, developers, or 1031 buyers
A rare opportunity to own a stabilized mixed-use property on one of Queens’ most active commercial corridors.
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